PRESS RELEASE
Securities Administrator Suspends Legacy Wealth Management, LLC, and Jasper E. Biddy IV
 
For Immediate Release
Monday, June 04, 2007 
 
Contact: Irving L. Faught, Administrator
  Oklahoma Department of Securities
  405-280-7700
 
 
Oklahoma City/////  Irving L. Faught, Administrator of the Oklahoma Department of Securities (“Department”), has issued a summary order suspending the registrations of Legacy Wealth Management, LLC (“Legacy”), an investment adviser based in Edmond, Oklahoma, and its President and Chief Executive Officer, Jasper E. Biddy IV (collectively, “Respondents”). The Administrator took the action after Respondents failed to provide the Department access to certain books and records as required by Oklahoma securities laws. Because of the suspensions, Legacy and Biddy are prohibited from transacting business in this state as an investment adviser and an investment adviser representative, respectively. Respondents have thirty days in which to request a hearing in the matter.

This press release, and related information, is available on the Oklahoma Securities Commission’s website at www.securities.ok.gov, by phone at (405) 280-7700, or in writing at: Oklahoma Securities Commission, First National Center, 120 North Robinson, Suite 860, Oklahoma City, OK 73102.
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This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.